About PlussApp
PlussApp is a Healthcare company based in Gurugram (India) founded in 2013, and was acquired by Netmeds in November 2016. OTC medicines and care products are delivered via mobile app. PlussApp has raised $1.33 million across 4 funding rounds from investors including Netmeds, Kunal Bahl and Rohit Bansal. The company has 1 employees. PlussApp was last valued at $1.79 million in October 2016. Its Indian entity Alpinismo Online Ventures Private Limited reported revenue of ₹11.7 Lakh. The company was acqui-hired. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Tata 1mg, Netmeds and Truemeds; 3 of its 3 listed competitors have raised funding.
Company details
Pluss was founded in 2013 as a mobile platform in the healthcare sector, focusing on hyperlocal delivery of OTC medicines, personal care, pet care, baby care, and daily essentials from trusted pharmacies. Operations are centered in Gurugram, India, with services available in Delhi, Gurgaon, Noida, and Hyderabad. A partnership with Patanjali Ayurved was established in 2016 for product sales. Investors include Snapdeal co-founders and others from the prior venture Gigstart.
- Headquarters Gurugram, India
- Employees 1
- Stage Acquired
- SectorsHealthcare
- Website plussapp.com
- Social LinkedIn X
- Acquired by Netmeds (Nov 2016)
- Legal Name Alpinismo Online Ventures Private Limited
- Date of Incorporation 20 Dec, 2013
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of PlussApp
PlussApp operates through Alpinismo Online Ventures Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alpinismo Online Ventures Private Limited CIN U52590DL2013PTC262513 | Strike Off | 20 Dec 2013 | New Delhi, Delhi | ₹0.1 Cr | 3 | View details |
Funding Insights of PlussApp
PlussApp has successfully raised a total of $1.33M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $74.87 thousand completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.33M
- Total Rounds 4
- Last Round Angel Round — $74,873
- First Round $45,501
(Sep 2014)
- Investors Count 29
All 4 funding rounds of PlussApp with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $74,873 | Angel Round | $1.79M | Kunal Bahl | |
| Nov 2015 | $1M | Seed | $3.74M | IDG Ventures | |
| Dec 2014 | $213,726 | Seed | – | Powerhouse Ventures, TA Ventures | |
| Sep 2014 | $45,501 | Seed | $••••• | TA Ventures, Powerhouse Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2016 | $1.79M | •••••••• |
| Nov 2015 | $3.74M | •••••••• |
Last known valuation $1.79M (Oct 2016). 30 investors in total: 8 institutional and 22 angel.
Investors in PlussApp
PlussApp has secured backing from 30 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Netmeds, Kunal Bahl and Rohit Bansal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments | powerhouseventures.com | Singapore, Singapore | ||
Venture capital fund focused on seed-stage startups | chiratae.com | Bengaluru, India | ||
Tech focused Venture Capital firm investing globally | idgventures.com | San Francisco, United States | ||
Venture capital investments are made in US-based technology sectors. | tvp.com | Minneapolis, United States | ||
Venture capital fund investment in tech-startups | mandygrowthpartner.tcc.mode | |||
Early-stage technology startups are supported through venture capital investments. | taventures.vc | Frankfurt Am Main, Germany | ||
Intellectual property services are provided in Minato City, Japan. | mandspartners.com | Minato City, Japan | ||
KB Kunal Bahl | Co-founder of Snapdeal, Titan Capital, active angel investor in Indian startups | unknown_382b672d27f346a7a | ||
RB Rohit Bansal | Co-founder of Snapdeal, active angel investor in Indian startups | unknown_bbef72fdecb7405cb | ||
RS Rajesh Sawhney | Founder of GSF Accelerator, angel investor, ex-President of Reliance Entertainment | unknown_56e72b5d689e41019 |
Investor details for PlussApp
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Alpinismo Online Ventures Private Limited (PlussApp)
Alpinismo Online Ventures Private Limited is the primary company behind PlussApp. The board of Alpinismo Online Ventures Private Limited currently have 3 directors; the longest-serving is Atit Rajesh Jain, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Atit Rajesh Jain DIN 06743493 | Director | 20 Dec 2013 | 12 yrs 10 mo | Alpinismo Online Ventures Private Limited |
| Madhulika DIN 06743499 | Director | 20 Dec 2013 | 12 yrs 10 mo | Alpinismo Online Ventures Private Limited |
| Prasad Srinivasa Peddu DIN 05334093 | Nominee Director | 29 Feb 2016 | 10 yrs 7 mo | Alpinismo Online Ventures Private Limited |
Financials of PlussApp
Figures of Alpinismo Online Ventures Private Limited, the primary company behind PlussApp, for FY 2016. Revenue was ₹11.7 Lakh (-51% year on year). Net loss was -₹4.26 Cr (-3641% margin). EBITDA was -₹4.07 Cr (-3480% margin).
- ₹11.7 LakhRevenue · FY 2016 · -51% YoY
- -₹4.26 CrNet loss · -3641% margin
- -₹4.07 CrEBITDA · -3480% margin
- ₹2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Alpinismo Online Ventures Private Limited are on its company page.
Detailed financial statements for PlussApp
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of PlussApp
5 dated milestones of PlussApp across 3 years, from founding to its latest funding, stage changes and deals.
- Founded PlussApp is founded.
- Funding First funding round of $46K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $75K.
- Exit Acquired by Netmeds.
Competitors of PlussApp
PlussApp has 3 listed competitors in our database, 3 of them funded. They include Tata 1mg, Netmeds and Truemeds.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1mg.com | 2015 | Delhi, India | $230.8M | 4,419 | Provider of an online pharmacy with doctor listing and teleconsultation services | |
| netmeds.com | 2015 | Chennai, India | $109M | 988 | Provider of an online store for medicines and healthcare products | |
| truemeds.in | 2019 | Mumbai, India | $112.97M | 345 | Provider of an online pharmacy and telehealth platform |
Detailed competitors of PlussApp
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as PlussApp (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 230.8 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Plussapp
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Frequently Asked Questions about PlussApp
PlussApp was founded in 2013 and raised its 1st funding round 1 year after it was founded.
PlussApp is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
PlussApp is a funded company, having raised a total of $1.33M across 4 funding rounds to date. The company's 1st funding round was a Seed of $45.5K, raised on Sep 2014.
PlussApp has 1 employees.
The primary company behind PlussApp, Alpinismo Online Ventures Private Limited, reported revenue of ₹11.7 Lakh for FY 2016, down 51% year on year.
Pluss was founded in 2013 as a mobile platform in the healthcare sector, focusing on hyperlocal delivery of OTC medicines, personal care, pet care, baby care, and daily essentials from trusted pharmacies. Operations are centered in Gurugram, India, with services available in Delhi, Gurgaon, Noida, and Hyderabad. A partnership with Patanjali Ayurved was established in 2016 for product sales. Investors include Snapdeal co-founders and others from the prior venture Gigstart.
PlussApp has 30 investors. Key investors include Netmeds, Kunal Bahl, Rohit Bansal, Rajesh Sawhney, and Swati Bhargav.
The valuation of PlussApp is $1.79M as of Oct 2016.
PlussApp operates through Alpinismo Online Ventures Private Limited.
Yes. PlussApp was acquired by Netmeds in November 2016.
The legal entities of PlussApp currently have 3 directors, including Atit Rajesh Jain, Madhulika, Prasad Srinivasa Peddu.